I'm currently watching President Obama's speech in Elyria, Ohio. Here are some brief thoughts on the speech and the following question/answer period.
1. Unsurprisingly, much of the President's speech consists of reminding the audience of the horrors of the past decade and focuses on the failures of the past administration. While the President is smart to divert the attention of the American people to a universal scapegoat like President Bush, it's irresponsible. The policies which have most enraged voters have been policies similar to those enacted by the previous administration, namely sweeping economic policies and a continuation of wars in both Iraq and Afghanistan.
2. The President's solution to our economic woes is obviously an increase in government control over the economy. Obama's speech ranges from government interference with the most basic business practices to grand overhauls of entire sectors of the American economy. It seems that the answer to everything these days is more government control. I am amazed to see that the belief in free markets has become a very rare thing today, and instead, an overwhelming number of intellectuals and politicians support an unprecedented level of centralized planning.
3. The questions are pretty "soft," so far, and it makes me wonder if anyone in this audience is genuine. I wouldn't be surprised if some of these "questions" were fabricated beforehand.
4. READ THE KID'S POEM, BARRY!
5. Interestingly enough, the industries that the President proposes more government control are industries which are already, heavily regulated (healthcare, banking, education). If medicare and medicaid are so unacceptable (according to the President's own admission), why is he so confident that he can successfully overhaul the entire US healthcare industry?
Friday, January 22, 2010
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